Recently, XRP prices have remained weak, attracting widespread market attention. As one of the largest institutional holders of XRP, asset management firm Evernorth is under significant on-paper pressure. According to on-chain data analysis, Evernorth’s unrealized losses on XRP holdings have exceeded $200 million, making it a typical case among institutional investors during this round of market correction.
Evernorth is headquartered in Nevada, USA, and is an important participant in the institutional application and fund management of XRP. In late October 2025, the company announced a high-profile plan to raise $1 billion to create what it calls the “world’s largest public XRP fund management company.” Subsequently, on November 4th, Evernorth purchased approximately 84.36 million XRP at an average price of $2.54, increasing its total XRP holdings to about 473 million.
However, since Evernorth first disclosed its XRP treasury plan, the price of XRP has fallen approximately 25%. Currently, XRP trades around $1.87, significantly down from its early-year levels. Data shows that nearly half of the circulating XRP supply is in floating loss, reflecting that overall market sentiment for XRP remains weak.
Although XRP has rebounded slightly by about 1.5% in the past 24 hours, many institutions expect this market cycle may end XRP’s two-year streak of annual positive returns, with an estimated full-year decline of about 11% in 2025.
Notably, Evernorth is not the only institutional investor under pressure. In the fourth quarter of 2025, mainstream crypto assets including Ethereum and Bitcoin have generally retraced. Analysts point out that the unrealized losses of some Ethereum institutional holdings have reached tens of billions of dollars, and Bitcoin institutional investors are also facing nearly 20% on-paper drawdowns.
Overall, under the dual influence of macroeconomic environment and market sentiment, institutional-level crypto asset allocations are undergoing severe tests, and the XRP market still faces considerable short-term volatility pressure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple Treasury integrates NDepth, further enhancing interoperability between SWIFT and XRP
Ripple teamed up with NDepth to strengthen Ripple Treasury’s enterprise financial management solutions, integrating bank fee analysis, funds optimization, and financial data insights to improve compatibility with existing financial systems and provide institutional customers with better liquidity connectivity. This strategy reflects Ripple’s market positioning shift from replacing SWIFT to coexisting with it, laying the groundwork for expanding the institutional application ecosystem for XRP.
MarketWhisper2h ago
U.S. spot XRP ETF saw a net inflow of $1.4630 million yesterday, with Franklin XRPZ leading the gains
On April 13, XRP spot ETF recorded a single-day net inflow of $1.4630 million, with the only one achieving net inflow being the Franklin XRP ETF, bringing its historical total net inflow to $326 million. Currently, the XRP spot ETF’s total net asset value stands at $959 million, with a net asset ratio of 1.16%.
GateNews3h ago
NewsAlert: Trump Issues Iran Ultimatum – How BTC, ETH, And XRP is Reacting
Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk.
To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not
LiveBTCNews3h ago
